Company: Pacific Life
Posted on: June 14, 2019
The Retirement Solutions Division (RSD) is seeking an Assistant
Actuary to join its Profitability Management team. In Profitability
Management, we manage products currently sold to ensure the
marketability, profit, and risk balance continues throughout the
product s lifetime, and products continue to meet our pricing
guidelines. In support of the company s rapidly growing annuity
business, you will be collaborating with technical & non-technical
audiences within and outside the Product Design department. You
will develop an understanding of the product profitability and risk
profile across all types of annuities.
Support a Corporate-wide initiative to adopt a risk-adjusted Value
of New Business (VNB) metric in the division s Product areas
through collaborations with ERM & Risk Management.
Enhance the VNB framework to ensure metric is providing value to
Senior Management when used consistently across Pacific Life
Conduct product profitability functions and analyze profitability
metrics results for the fixed and variable annuity product suite,
including regular repricing and delivery of information required to
facilitate regular Senior Management decision making processes.
Develop enhanced profitability management views and metrics to
provide deep line of sight to management on products sold through
capabilities for Economic and GAAP financial frameworks, develop
additional capabilities for model validation and increase
transparency of model results.
Collaborate with Sales, Risk Management, and Valuation to ensure
enterprise-wide view is considered when setting and implementing
profitability and rate management actions.
FACTORS FOR SUCCESS:
3+ years of actuarial working experience in a financial institution
or insurance company
Bachelor s degree in Actuarial Science, Mathematics, Computer
Science, other related field
ASA or FSA designation in the Society of Actuaries
Strong working knowledge in Microsoft Excel; Programming experience
desired but not required
Experience with MoSes or similar actuarial software is a plus
Attention to detail; well organized with ability to multi-task
Strong quantitative, analytical and problem-solving skills
Effective communication skills to present business solutions in a
clear and concise manner
This position can be based in Newport Beach, CA or Omaha, NE.
Join the Pacific Life team and watch your career grow! We offer a
competitive compensation and benefits package that includes:
Competitive salary and bonus program Medical, dental, and vision as
part our commitment in investing in the health and wellbeing of our
employees Two retirement savings plans: 401k savings plan with
company match and Company Retirement Contribution (company-paid)
Generous vacation time and holiday pay And much more!
Pacific Life Insurance Company is an Equal Opportunity /Affirmative
Action Employer, M/F/D/V. If you are a qualified individual with a
disability or a disabled veteran, you have the right to request an
accommodation if you are unable or limited in your ability to use
or access our career center as a result of your disability. To
request an accommodation, contact a Human Resources Representative
at Pacific Life Insurance Company.
About Pacific Life
Celebrating 150 years of service in 2018, Pacific Life offers life
insurance, annuities, and mutual funds, along with a variety of
investment products and services, all of which provide The Power to
Help You Succeed. We firmly believe each employee plays a part in
our continued growth and success, and we pride ourselves in
providing a work environment that is challenging, inclusive,
collaborative, and results-oriented. With a powerful past and a
strong future, Pacific Life offers an environment where you re
empowered to achieve your personal best. In return, we look to your
passion and insight to help us grow. For additional company
information, including current financial strength ratings, visit
www.PacificLife.com. To explore the heritage of Pacific Life and
learn more about our history, visit www.pl150years.com.
Keywords: Pacific Life, Omaha , Assistant Actuary, Accounting, Auditing , Omaha, Nebraska
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